Pakistan repays $2 billion to UAE, SBP confirms

KARACHI: The State Bank of Pakistan (SBP) has confirmed that Pakistan has made a payment of $2 billion to the United Arab Emirates as part of ongoing financial arrangements between the two countries.

According to an SBP spokesperson, the amount had previously been placed in Pakistan’s account under a safe deposit arrangement, adding that the transaction has now been completed.

Meanwhile, SBP Governor Jameel Ahmad said that Pakistan’s key macroeconomic indicators have shown faster-than-expected improvement since the start of the current fiscal year.

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He made these remarks during meetings with senior executives of major global financial institutions, including Barclays, Franklin Templeton, JPMorgan Chase, Jefferies, and Citibank, as well as credit rating agencies such as Fitch Ratings, Moody’s, and S&P Global.

The engagements took place on the sidelines of the IMF–World Bank Spring Meetings held from April 13 to 18, 2026.

According to the central bank, the governor also held bilateral meetings with senior leadership of the International Monetary Fund and the World Bank Group, where Pakistan’s economic outlook and reform agenda were discussed.